Addus HomeCare Co. (NASDAQ:ADUS) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its stake in shares of Addus HomeCare Co. (NASDAQ:ADUS) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,692 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Ellsworth Advisors LLC’s holdings in Addus HomeCare were worth $713,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Addus HomeCare during the 3rd quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its stake in Addus HomeCare by 9,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock valued at $49,000 after purchasing an additional 366 shares during the last quarter. Sandia Investment Management LP purchased a new position in Addus HomeCare in the 2nd quarter valued at about $58,000. GAMMA Investing LLC boosted its stake in shares of Addus HomeCare by 25.7% during the 3rd quarter. GAMMA Investing LLC now owns 935 shares of the company’s stock worth $124,000 after purchasing an additional 191 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Addus HomeCare by 11.5% during the third quarter. Assetmark Inc. now owns 1,169 shares of the company’s stock worth $156,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Insider Buying and Selling at Addus HomeCare

In related news, EVP Roberton James Stevenson sold 2,250 shares of Addus HomeCare stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.00, for a total value of $272,250.00. Following the completion of the sale, the executive vice president now owns 10,217 shares in the company, valued at approximately $1,236,257. The trade was a 18.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Dirk Allison sold 25,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $124.76, for a total transaction of $3,119,000.00. Following the transaction, the chief executive officer now owns 79,397 shares in the company, valued at $9,905,569.72. This trade represents a 23.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,750 shares of company stock valued at $4,930,750 in the last ninety days. Insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADUS. Stephens boosted their price target on Addus HomeCare from $143.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Macquarie reiterated an “outperform” rating and set a $139.00 price objective on shares of Addus HomeCare in a report on Monday, November 4th. StockNews.com downgraded shares of Addus HomeCare from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp assumed coverage on shares of Addus HomeCare in a research note on Friday, October 11th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Citizens Jmp raised shares of Addus HomeCare to a “strong-buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.67.

Addus HomeCare Price Performance

Shares of ADUS opened at $133.87 on Monday. The stock has a market cap of $2.43 billion, a PE ratio of 30.63, a P/E/G ratio of 1.63 and a beta of 1.00. Addus HomeCare Co. has a 12 month low of $85.94 and a 12 month high of $136.12. The stock’s 50-day moving average is $125.28 and its two-hundred day moving average is $126.59.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $289.80 million for the quarter, compared to analyst estimates of $289.42 million. Addus HomeCare had a net margin of 6.50% and a return on equity of 9.62%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, research analysts anticipate that Addus HomeCare Co. will post 4.58 earnings per share for the current year.

Addus HomeCare Company Profile

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.